Countries That Have Low,or No,taxes Are Referred to Which of the Following

question 52

Multiple Choice

Countries that have low,or no,taxes are referred to which of the following?

• A) Tax-friendly regions
• B) Tax havens
• C) Tax states
• D) Tax-free nations
• E) Tax-free regions

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Definitions:

Insourcing

The practice of using an organization's internal resources to complete tasks or projects that could be outsourced to external providers.

Outsourcing

The business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company's own employees.

Offshoring

Moving production outside the home country.

Offset Agreement

An agreement wherein a supplier agrees to buy products from the party to whom it is selling in order to win the buyer as a customer and “offset” the buyer’s production costs.